Canada Lithium Corp. Announces Appointments to its Board of Directors and Executive Team

 Canada Lithium Corp. Announces Appointments to its Board of Directors and  Executive Team  TSX: CLQ; U.S. OTCQX: CLQMF  TORONTO, Feb. 26, 2013 /CNW Telbec/ - Canada Lithium Corp. (TSX: CLQ) (OTCQX:  CLQMF) announced today several executive and Board appointments as it  completes the transition of its Québec Lithium mine and process plant near  Val d'Or, Québec, from the construction and commissioning phase to producer  status.  The appointments are as follows:        --  Peter Secker will assume a key strategic role as the Company's         new Deputy Chairman of the Board of Directors; he continues as         Chief Executive Officer;     --  Chief Operating Officer Charles Taschereau has been appointed         President of Canada Lithium Corp.;     --  Halina McGregor, a former VP, Finance, and CFO of Goldcorp and,         prior to that, Senior VP, Finance, and CFO of Sherritt         International Corp., has been appointed Canada Lithium's Vice         President, Finance.     --  Ernie Eves, a former Premier of Ontario, will become a member         of the Canada Lithium Board of Directors.  Commenting on the senior management appointments, Chairman Kerry Knoll noted  that, with the Québec Lithium mine and plant nearing production, the Company  is preparing for the next stage in its growth.  "We anticipate the Val d'Or operation holds the potential to provide a stable,  long-term platform enabling the Company to capture growth opportunities. In  the near term, these include the potential to produce downstream value-added  products such as lithium hydroxide and lithium metal."  Mr. Knoll added that "Mr. Secker will increasingly focus on implementation of  the Company's strategic goals of expanding the product offering and, given his  considerable experience in China and the Far East, nurturing strategic  relationships and partnerships in the lithium sector."  Mr. Taschereau, who joined Canada Lithium in September 2010, has been  responsible for the development of the $207-million Québec mine and plant. He  will oversee the transition from mine development to mine and plant  operations. First production of lithium carbonate is expected late in the  first quarter of this year and full production at an annual rate of 20,000  tonnes is anticipated to be achieved by late 2013.  Prior to joining Canada Lithium, Mr. Taschereau was Vice President of IAMGOLD,  in charge of the development and operation of the US$450-million Essakane  Project in Burkina Faso. Mr. Taschereau has more than 20 years of experience  in operations and project development for various mining companies, including  positions as Plant Manager, General Manager, Regional Manager and VP  Operations. Mr. Taschereau has a Masters degree in Mining Engineering and an  MBA.  The Company appointed Ms. McGregor as Vice President, Finance, to the senior  management team. Ms. McGregor, a Chartered Accountant, has been Vice  President, Finance, and CFO with such major companies as Goldcorp Inc., a  North American-based gold producer listed on the Toronto and New York Stock  Exchanges; and Sherritt International Corp., a diversified natural resource  company listed on the TSX with businesses in nickel/cobalt, oil and natural  gas, power and coal. More recently, Ms. McGregor served as CFO of Calyx  Transportation, a 1,000-employee logistics and transportation firm that  operates a network across Canada, the U.S. and Mexico. A McGill University  graduate, Ms. McGregor is fluently bilingual.  Mr. Knoll also welcomed Mr. Eves to the Board of Directors:  "Mr. Eves is a very timely addition to our Board as we approach the production  phase of our Québec Lithium Project," Mr. Knoll said. "He has a wealth of  experience in both the private and public sectors, a seasoned understanding of  Canadian capital markets, coupled with a background in law."  Mr. Eves was a member of the Provincial Parliament of Ontario for nearly 24  years, and served in numerous legislative capacities including Minister of  Finance, Deputy Premier, and Ontario's 23(rd) Premier.  A lawyer by profession, Mr. Eves is a graduate of Osgoode Hall Law School and  was called to the bar in 1972. He was appointed a Queen's Counsel in 1983.  About Canada Lithium Corp.  The Company holds a 100% interest in the Québec Lithium Project near Val  d'Or, the geographical heart of the Québec mining industry. It has completed  construction and is in the commissioning phase of an open-pit mine and on-site  processing plant with estimated capacity to produce approximately 20,000  tonnes of battery-grade lithium carbonate annually. Metallurgical tests have  produced battery-grade lithium carbonate samples. A five-year off-take  agreement for a minimum of 12,000 tonnes per year was recently signed with  Tewoo-ERDC, one of China's largest commodities traders. A second off-take for  up to 5,000 tonnes per year was recently signed with Marubeni Corp., a major  Japanese commodities trading company. Lithium carbonate is used in lithium-ion  batteries that power consumer electronics (laptops, tablets, etc.), power-grid  storage facilities and electric and hybrid vehicles. The Company trades  under the symbol CLQ on the TSX and on the U.S. OTCQX under the symbol CLQMF.  Cautionary Statement Regarding Forward-Looking Information  This press release contains "forward-looking information" within the meaning  of Canadian securities legislation. Forward-looking information is based upon  the Company's beliefs, estimates and opinions as at the date of this press  release, which the Company believes are reasonable, but no assurance can be  given that these will prove to be correct. Furthermore, the Company undertakes  no obligation to update or revise forward-looking information contained herein  if these beliefs, estimates and opinions or other circumstances should change,  except as otherwise required by applicable law.  Forward-looking information relates to future events or to future conditions,  performance or results of operations and reflects current expectations or  beliefs regarding such matters including, but not limited to, information or  statements with respect to: (i) the amount of mineral resources; (ii)  exploration, development and production activities, including information  regarding the potential mineralization and resources; (iii) the amount of  future output over any period; (iv) net present value and internal rates of  return of the mining operation; (v) assumptions relating to capital costs,  operating costs and other cost metrics; (vi) assumptions relating to gross  revenues, operating cash flow and other revenue metrics; (vii) assumptions  relating to future price and demand for lithium and other macroeconomic  metrics; (viii) exploration and development plans, including anticipated costs  and timing thereof, time frames for completion, and anticipated time to  production; (ix) mine potential and expected mine life; and * sources of and  anticipated financing requirements.  All information other than matters of historical fact may be forward-looking  information. In some cases, forward-looking information can be identified by  the use of words such as "seek", "expect", "anticipate", "budget", "plan",  "project", "estimate", "assume", "continue", "forecast", "intend", "believe",  "predict", "potential", "target", "strategy", "goal", "may", "could", "would",  "might", or "will" and similar words or phrases (including negative  variations) suggesting future outcomes or statements regarding an outlook.  Forward-looking information is based upon certain assumptions by the Company  or its consultants and other important factors that, if untrue, could cause  the actual results, performances or achievements of the Company to be  materially different from future results, performances or achievements  expressed or implied by such information. Such information is based on  numerous assumptions regarding present and future business strategies and the  environment in which the Company will operate in the future, including the  price of lithium, anticipated costs and ability to achieve goals. Certain  important factors that could cause actual results, performances or  achievements to differ materially from those in the forward-looking  information include, but are not limited to: (i) required capital investment  and estimated workforce requirements; (ii) estimates of net present value and  internal rates of return; (iii) future demand and market prices for lithium;  (iv) receipt of regulatory approvals on acceptable terms within commonly  experienced time frames; (v) anticipated timelines for the commencement of  production; (vi) anticipated timelines for community consultations and the  impact of those consultations on the regulatory approval process; and (vii)  future exploration plans and objectives.  By its nature, forward-looking information involves known and unknown risks,  uncertainties and other factors which may cause actual results, performance or  achievements, or industry results, to differ materially from those expressed  or implied by such forward-looking information. Some of the risks and other  factors that could cause actual results to differ materially from those  expressed in the forward-looking information contained in this press release  include, but are not limited to, risks and uncertainties relating to: (i) the  interpretation of drill results, the geology, grade and continuity of mineral  deposits and conclusions of economic evaluations; (ii) results of feasibility  studies, and the possibility that future exploration, development or mining  results will not be consistent with the Company's expectations, (iii) the  outcome of litigation in which the Company is or may in the future become  involved; (iv) risks relating to possible variations in reserves, grade,  planned mining dilution and ore loss, or recovery rates and changes in project  parameters as plans continue to be refined; (v) mining and development risks,  including risks related to accidents, equipment breakdowns, labor disputes  (including work stoppages and strikes) or other unanticipated difficulties  with or interruptions in exploration and development; (vi) risks related to  the inherent uncertainty of production and cost estimates and the potential  for unexpected costs and expenses; (vii) risks related to future commodity  demand and price and foreign exchange rate fluctuations; (viii) the  uncertainty of profitability based upon the cyclical nature of the industry in  which the Company operates; (ix) risks related to failure to obtain adequate  financing on a timely basis and on acceptable terms or delays in obtaining  governmental approvals or in the completion of development or construction  activities; * risks related to environmental regulation and liability; (xi)  political and regulatory risks associated with mining and exploration; (xii)  risks related to the uncertain global economic environment; and (xiii) other  risks and uncertainties related to the Company's prospects, properties and  business strategy. Although the Company has attempted to identify important  factors that could cause actual results or events to differ materially from  those described in the forward-looking information, readers are cautioned that  this list is not exhaustive and there may be other factors that the Company  has not identified. Readers are cautioned not to place undue reliance on  forward-looking information contained in this press release. All  forward-looking information contained in this press release or incorporated by  reference herein is expressly qualified by this cautionary note.  Peter Secker, President and CEO (416) 361-2821  Olav Svela, Director, Investor Relations (416) 361-2821 or (416)  479-4355 or  Christine Stewart, Renmark Financial Communications Inc. (416) 644-2020  or  Please visit the Canada Lithium website or copy the  following link into your Web browser to view our Photo  Gallery: You can also follow us on  Facebook and Twitter.On our Home Page,  there is also a link to a recent  video that aired on Discovery  Channel'sDaily Planet program.  Corporate Office: 401 Bay Street, Suite 2010, Box 118, Toronto, ON, M5H  2Y4  SOURCE: Canada Lithium Corp.  To view this news release in HTML formatting, please use the following URL:  CO: Canada Lithium Corp. ST: Quebec NI: MNG 2575 WNEWS   -0- Feb/26/2013 12:30 GMT